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Sunday, 17 January 2016

U.S. imposes ballistic missile sanctions on Iran

The United States imposed sanctions on 11 companies and individuals for supplying Iran’s ballistic missile program, the U.S. Treasury Department said just a day after sanctions targeting its nuclear program were lifted.

Five Iranian nationals and a network of companies based in the United Arab Emirates and China were added to an American blacklist, the U.S. Treasury Department announced in a statement.

The network “obfuscated the end user of sensitive goods for missile proliferation by using front companies in third countries to deceive foreign suppliers,” the statement said, adding that the five individuals had “worked to procure ballistic missile components for Iran.”

Adam J. Szubin, acting under secretary for terrorism and financial intelligence, said that “Iran’s ballistic missile program poses a significant threat to regional and global security, and it will continue to be subject to international sanctions.”

The new sanctions come after the Obama administration delayed the action for more than two weeks during tense negotiations to free five American prisoners, according to people familiar with the matter...

  alarabiya.net
17/1/16

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